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justme88005
Returning Member

I Need Help W/ 2017 Transcript! Refund?

Hey all, just found this forum, looks to be pretty helpful, well at least I hope so in my case :). 

 

And thanks for all the answer(s) ahead of time!

 

I just came to the USA in 2016, and I was told I didn't have to file taxes unless I make over a certain amount, I am self employed and operate my own cleaning service, until 2020 I never filed taxes before, I used a CPA to file my 2017-2020, and then I filed from 2021 to current year. I talked to IRS about 3 weeks ago and they said everything looks good and I am all caught-up, when I had them on phone I forgot to ask about my 2017 return/refund. my transcript if I am reading correctly says I was due/is due a refund? Is this correct based on photo? If so I would I go about claiming it? my 2017 transcript just updated about a month ago.

 

IS THERE SOMEONE I NEED TO CALL OR WILL IT (CREDIT) BE APPLIED TO THIS YEAR (2022) TAXES WHEN I FILE AND WILL I GET IT BACK?

 

pOSt.png

 

What does all of this mean? I never filed amended return? And does CODE 766 even mean anything anymore?

 

 

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5 Replies
justme88005
Returning Member

I Need Help W/ 2017 Transcript! Refund?

 
HopeS
Expert Alumni

I Need Help W/ 2017 Transcript! Refund?

 

Code 766 means that you have a credit on your account, which might be the result of a refund, an overpayment from a previous year, or a credit from the current year's return. Your transcript shows an amended return was filed on 05/21/2021.

 

The IRS allows only 3 years for you to file a return if you are due a refund for withholding or estimated taxes. This same rule applies to a right to claim tax credits such as Earned Income Credits. Therefore, it you did not file a return for 2017 it is too late to file any refund.

 

You can call the IRS at 1800-829-1040 to discuss your transcript. They are open 7AM - 7PM.  See additional information in the link below:

 

Filing Past Due Tax Returns

 

@justme88005 

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justme88005
Returning Member

I Need Help W/ 2017 Transcript! Refund?

What is a credit on my account?

justme88005
Returning Member

I Need Help W/ 2017 Transcript! Refund?

I filed my 2017 return on May 15, 2021, I had it postdated as well.

HopeS
Expert Alumni

I Need Help W/ 2017 Transcript! Refund?

Your transcripts show Earned Income Credit of $4,990 that you would have gotten if you filed your 2017 return.  This credit would have reduced your Federal Tax liability if you owe, dollar for dollar.

 

Review your transcript closely and called the IRS regarding the amended return that is shown if you did not file one.  

 

EIC

 

@justme88005 

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